Clearbridge Investments LLC Takes Position in Solstice Advanced Mat $SOLS

Clearbridge Investments LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 362,672 shares of the company’s stock, valued at approximately $17,619,000.

A number of other large investors have also recently made changes to their positions in SOLS. Wesbanco Bank Inc. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $649,000. Nwam LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $1,253,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $4,796,000. Fifth Third Bancorp purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $4,424,000. Finally, Olstein Capital Management L.P. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $2,803,000.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $80.28 on Wednesday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The company has a market cap of $12.75 billion and a PE ratio of 90.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The business has a 50-day simple moving average of $81.56 and a 200-day simple moving average of $68.57.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, equities research analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

A number of analysts recently weighed in on SOLS shares. BMO Capital Markets upped their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Finally, UBS Group increased their price objective on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.